Raymond James analyst Brian Peterson lowered the firm’s price target on ZoomInfo to $33 from $41 and keeps an Outperform rating on the shares ahead of the Q4 results. The firm is taking a more conservative stance on growth expectations for 2023 and beyond, with estimates now assuming high-teens revenue growth for 2023 and 2024, with little improvement in the demand environment from 4Q22 levels, the analyst tells investors in a research note.
Published first on TheFly
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